Ferrell, McKay, and Kevin Messick will produce through Gary Sanchez Productions. Michael De Luca and Jonathan Kadin will oversee for Columbia Pictures.

McKay directed both 2006's TalladegaNights and 2008's Step Brothers, which both starred Ferrell and Reilly. Talladega Nights earned $163 million worldwide, and Step Brothers took in $128 million worldwide.

Ferrell, who most recently starred in Anchorman 2: The Legend Continues, is repped by CAA and Mosaic. Next appearing in Guardians of the Galaxy, Reilly is repped by WME and Peg Donegan.

Armstrong, repped by CAA, created Channel 4 sitcom Peep Show with his writing partner Sam Bain. They most recently created the Channel 4 comedy Fresh Meat and the Danny Boyle-helmed TV series Babylon. Armstrong and Bain were nominated for an best adapted screenplay Oscar for In the Loop in 2009.